Posted on: 12th Jun, 2009 01:04 pm
We are refinaning.We have aready signed the final papers on 10/6/09 but we havent given our closing cost yet.Its due tomorrow.Is it too late to tap into some cash to pay off our car loan?
If you want to change your loan to a "cash out" scenario, that will delay the closing. You COULD also lose your rate. In many instances, a cash out will result in a slightly higher rate.
Call your loan officer and ask.
Call your loan officer and ask.
you need to discuss this with your lender. Depending on how much equity you have, your qualifications as well as how long your rate lock is protected, but it may be possible. Call your lender
Eric,
what you think that wht i should do?
go for fast processing or slowdown the process?
what you think that wht i should do?
go for fast processing or slowdown the process?
Sara,
Can you explain how long the rate will lock?
Is it depend on lender?
Any legal things involved n rate lock?
Can you explain how long the rate will lock?
Is it depend on lender?
Any legal things involved n rate lock?